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Considering the risk of overstatement of receivables due to premature revenue recognition that inflates revenues and receivables, which assertion for the accounts receivable balance is
Considering the risk of overstatement of receivables due to premature revenue recognition that inflates revenues and receivables, which assertion for the accounts receivable balance is most relevant? Completeness Accuracy Existence Rights and obligations Auditors would plan for audit procedures that may result in lower quality evidence and possibly a decreased quantity of evidence for that assertion when management risk is low when audit risk is low when control risk is high when detection risk is high
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